How to buy Celsius Token in India?
What is a Celsius Token(CEL)?
Celsius is a one-stop banking and financial duties platform for cryptocurrency users. It was launched in June 2018, it extends rewards for storing cryptocurrency, along with services like loans and wallet-style payments.
Customers of the program receive regular payouts and interest on their holdings. Celsius’ native token, CEL, offers a variety of bodily functions, consisting of boosting user payouts if used as the payment currency.
Key features of Celsius Token(CEL)
- Celsius focuses to outperform banks in their own game by advancing financial services on the kind of terms that established financial companies no longer offer.
- These carry much higher rates of returns on profits and deposits, much easier and fairer loan terms and automatic rewards computed for each user algorithmically.
- The platform also functions as a wallet via its CelPay feature and hosts its own CEL token which users can leverage to increase payout value among other things.
- As a for-profit company, Celsius takes a cut of profit margins on interest payments, still returning 80% to users themselves. The company also lends to institutional entities such as hedge funds.
How to buy Celsius Token(CEL) in Indai?
You can buy Celsius Token(CEL) in India from various exchanges, but a reputable company like BuyUcoin is essential. You can trade CEL Token in India with 130+ other cryptocurrencies in INR and USDT pairs with BuyUcoin.
Buy Celsius Coin in India — Step by Step Guide For Beginners
Step 1 — Open a Digital Wallet
A digital wallet houses your cryptocurrencies and uses blockchain technology to communicate with other citizens. It is important to make in-depth research before you decide what one is best for you, however, there are several providers of digital wallets. Today, BuyUcoin’s the leading digital wallet provider.
Step 2 — Register & Open an Account
When you enter the BuyUcoin/Signup account, register and open a service account. Choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.
For the Indian jurisdiction, KYC and AML are compulsory. Your data are secure and encrypted and stored only in Indian data centres. To complete your KYC, you are redirected to another URL. With your last selfie, please be ready. Pictures of your pan card will be required. The mobile number connected to your Adhar is important.
Step 4-Google 2 step Verification
To use 2FA, the Authenticator app must be enabled on your smartphone or tablet. If enabled, any time you log in to yourBuyUcoin account, you will be asked to include a 6- digit one-time password with your email and password. This only functions when an email and password are entered.
Step 5-Add Bank details
Add your name credentials, the account name of the holder and the IFSC code information.
Trade Celsius Token(CEL) in India
The Celsius Network is a financial technology platform that offers interest-bearing savings accounts, borrowing, and payments with digital and fiat assets. Celsius returns 80% of its revenue to network users in rewards, while the other 20% funds project expansion.
The value proposition challenges conventional banking models while prioritizing the Celsius community. The Celsius Network forms an integrated ecosystem by offering its suite of products with its native CEL token alongside leading digital assets and fiat currencies.
Can I Use Regular Money to Buy Celsius Coin?
Yes, you can use regular money or any fiat currencies such as INR to buy Celsius Coin in India where Celsius Coin can be stored in your wallet with a single tap to buy or sell your desirable cryptocurrencies without any hidden transaction fees using one of India’s leading cryptocurrency exchange BuyUcoin.
Getting a Celsius Coin Wallet
BuyUcoin is a multi-currency crypto wallet where Celsius Coin can be stored with high-end security features where cold storage wallets are used. Once we have sent the Celsius Coin to your wallet, we will send you a confirmation email. The Celsius Coin will appear in your wallet when you restart the BuyUcoin wallet.
Celsius Coin Exchanges
If you want to buy Bitcoin for Celsius, an exchange called BuyUcoin is one choice. You can even buy the BTC using your credit or credit card with an easy-to-understand interface. When you register, BuyUcoin requires your ID and address. This conforms to the anti-money laundering (AML) legislation and knows the legislation of your customer (KYC).
ID checks are considered the best methods by many exchanges, although technically not a legal requirement in most countries. It helps avoid the use of exchanges for criminal activity. But there are legitimate reasons why your ID should not be revealed to a trader who is aware of the trade and privacy.
The native token of Celsius is CEL. It performs a number of user-related functions and is freely tradable outside the platform. CEL has a maximum supply of 695,658,161 tokens, of which 76% are in circulation and 24% are locked according to a schedule laid out in the project’s technical literature.
CEL had an initial coin offering in May 2018. The presale and crowd sale took 50% of the token supply, with 27% going to the treasury, 19% to the team and 2% to partners and advertisers respectively.